RE:RE:RE:Timeline AdjustedCopperWave wrote: This is no mere coincidence. 14% drop with heavy volume means there was some bad news. I am panicking a bit but won't sell until Greenstone does. Where is this MD&A, I do not see it on their website and do not have time to check as I'm at work?
CW, there's no bad news coming out.... It's just people getting impatient or disillusioned with the share price not moving up after all the permits news...
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Here's an excerpt from the MD&A....
. On September 5, 2017, the Company announced that the ADEQ provided the Company with a Grant Letter for the Gunnison Copper Project APP. The APP remained appealable under specific circumstances for 30 days. On October 11, 2017, the Company announced that the ADEQ confirmed that the mandated 30-day appeal period had ended without appeal for Excelsior’s APP for the Gunnison Copper Project.
On October 25, 2017, the Company announced that the EPA issued a draft UIC operating permit for the Gunnison Project. The draft UIC permit was to remain open for public comment for a minimum of 30 days. The EPA subsequently extended the public comment period for an additional 45 days, meaning the comment period will end on January 8, 2018 unless a further extension is granted. The timing of the issuance of the final UIC permit is subject to the outcome of this public comment period. The UIC permit is the last of three key permits required to get into production.
OUTLOOK The next steps for Excelsior include completing the permitting process for the Gunnison Project, completing the project financing required to commence construction and moving from construction into operations.
Excelsior has received all operating permits from the ADEQ. Excelsior is working with the EPA and expects to receive Federal operating permits during the first quarter of 2018.
With respect to project financing, Excelsior has engaged Cutfield Freeman to act as an advisor with respect to the debt portion of the project financing. Excelsior is targeting the completion of the project financing in the first quarter of 2018 and, assuming all permits have been received, construction would commence thereafter. Copper production from the Gunnison Project is expected to begin nine months after construction is commenced.
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Just got some shares at $1.04 with that swoop sell order to $0.98.
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GLTA